In last trading session, Evofem Biosciences, Inc. (NASDAQ:EVFM) saw 1,627,706 shares changing hands with its beta currently measuring -0.09. Company’s recent per share price level of $2.71 trading at -$0.02 or -0.73% at ring of the bell on the day assigns it a market valuation of $220.27 Million. That closing price of EVFM’s stock is at a discount of -166.05% from its 52-week high price of $7.21 and is indicating a premium of 29.52% from its 52-week low price of $1.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.66 Million shares which gives us an average trading volume of 2.38 Million if we extend that period to 3-months.
For Evofem Biosciences, Inc. (EVFM), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2. Splitting up the data highlights that, out of 4 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.36 in the current quarter.
Evofem Biosciences, Inc. (NASDAQ:EVFM) trade information
In the face of being in the red during last session for losing -0.73%, in the last five days EVFM remained trading in the green while hitting it’s week-highest on Monday, Jan 11 when the stock touched $2.82-3 price level, adding 3.9% to its value on the day. Evofem Biosciences, Inc.’s shares saw a change of 12.45% in year-to-date performance and have moved 8.62% in past 5-day. Evofem Biosciences, Inc. (NASDAQ:EVFM) showed a performance of 26.05% in past 30-days. Number of shares sold short was 11.69 Million shares which calculate 4.91 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.75 to the stock, which implies a rise of 149.08% to its current value. Analysts have been projecting $3 as a low price target for the stock while placing it at a high target of $11. It follows that stock’s current price would jump +305.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of 10.7% for stock’s current value.
Evofem Biosciences, Inc. (EVFM) estimates and forecasts
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.89 Million for the same. And 2 analysts are in estimates of company making revenue of $6.45 Million in the next quarter that will end on March 01, 2021.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 42.7% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 65.4% while estimates for its earnings growth in next 5 years are of 0%
Evofem Biosciences, Inc. (NASDAQ:EVFM)’s Major holders
Insiders are in possession of 1.65% of company’s total shares while institution are holding 45% percent of that, with stock having share float percentage of 45.75%. Investors also watch the number of corporate investors in a company very closely, which is 135 institutions for Evofem Biosciences, Inc. that are currently holding shares of the company. Invesco Ltd. is the top institutional holder at EVFM for having 12.67 Million shares of worth $29.9 Million. And as of September 29, 2020, it was holding 15.59% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.95 Million shares on September 29, 2020. The number of shares represents firm’s hold over 6.09% of outstanding shares, having a total worth of $11.69 Million.
On the other hand, Heartland Value Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 2000000 shares of worth $4.72 Million or 2.46% of the total outstanding shares. The later fund manager was in possession of 1.8 Million shares on September 29, 2020, making its stake of worth around $4.25 Million in the company or a holder of 2.22% of company’s stock.
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